[Federal Register Volume 71, Number 163 (Wednesday, August 23, 2006)]
[Notices]
[Page 49502]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-13922]



[[Page 49502]]

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DEPARTMENT OF THE TREASURY

Comptroller of the Currency


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless it displays a 
currently valid OMB control number. The OCC is soliciting comment 
concerning its information collection titled, ``Bank Activities and 
Operations--12 CFR 7.'' The OCC also gives notice that it has sent the 
information collection to the Office of Management and Budget (OMB) for 
review.

DATES: You should submit written comments by September 22, 2006.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0204, 
250 E Street, SW., Washington, DC 20219. In addition, comments may be 
sent by fax to (202) 874-4448, or by electronic mail to 
[email protected]. You can inspect and photocopy the comments 
at the OCC's Public Information Room, 250 E Street, SW., Washington, DC 
20219. You can make an appointment to inspect the comments by calling 
(202) 874-5043. Additionally, you should send a copy of your comments 
to OCC Desk Officer, 1557-0204, by mail to U.S. Office of Management 
and Budget, 725 17th Street, NW., 10235, Washington, DC 20503, 
or by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary Gottlieb, OCC Clearance Officer, 
or Camille Dickerson, (202) 874-5090, Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 250 E 
Street, SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:
    Title: Bank Activities and Operations--12 CFR 7.
    OMB Number: 1557-0204.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collection 
requirements. The OCC requests only that OMB approve its revised 
estimates.
    The information collection requirements ensure that national banks 
conduct their operations in a safe and sound manner and in accordance 
with applicable Federal banking statutes and regulations. The 
information is necessary for regulatory and examination purposes.
    The information collection requirements in part 7 are as follows: 
12 CFR 7.1000(d)(1) (National bank ownership of property--Lease 
financing of public facilities): National bank lease agreements must 
provide that the lessee will become the owner of the building or 
facility upon the expiration of the lease. 12 CFR 7.1014 (Sale of money 
orders at nonbanking outlets): A national bank may designate bonded 
agents to sell the bank's money orders at nonbanking outlets. The 
responsibility of both the bank and its agent should be defined in a 
written agreement setting forth the duties of both parties and 
providing for remuneration of the agent.
    12 CFR 7.2000(b) (Corporate governance procedures--Other sources of 
guidance): A national bank shall designate in its bylaws the body of 
law selected for its corporate governance procedures.
    12 CFR 7.2004 (Honorary directors or advisory boards): Any listing 
of a national bank's honorary or advisory directors must distinguish 
between them and the bank's board of directors or indicate their 
advisory status.
    12 CFR 7.2014(b) (Indemnification of institution-affiliated 
parties--Administrative proceeding or civil actions not initiated by a 
Federal agency): A national bank shall designate in its bylaws the body 
of law selected for making indemnification payments.
    12 CFR 7.2024(a) Staggered terms for national bank directors: Any 
national bank may adopt bylaws that provide for the staggering the 
terms of its directors. National banks shall provide the OCC with 
copies of any bylaws so amended.
    12 CFR 7.2024(c) Size of bank board: A national bank seeking to 
increase the number of its directors must notify the OCC any time the 
proposed size would exceed 25 directors.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 1,300.
    Estimated Total Annual Responses: 1,300.
    Estimated Total Annual Burden: 418 hours.
    Frequency of Response: On occasion.
    The OCC issued a 60-day notice for comment on June 16, 2006. 71 FR 
35001. No comments were received. Comments continued to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information has practical utility;
    (b) The accuracy of the agency's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: August 16, 2006.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
 [FR Doc. E6-13922 Filed 8-22-06; 8:45 am]
BILLING CODE 4810-33-P